Tag: Saudi Aramco

Aramco

Saudi Aramco reports 5% drop in Q1 profit amid lower oil prices

Saudi Aramco, the world’s largest oil producer, reported a 5% year-on-year decline in first-quarter net profit, citing lower crude oil prices and reduced production. The state-owned energy giant posted a net income of $26 billion for the three months ending March 31, down from $27.3 billion in the same period last year, according to a […]

Aramco

Saudi Aramco’s to pay shareholders $20bn Q2 dividend

Saudi Aramco’s to pay shareholders $20bn Q2 dividendAramco’s dividend payment is the highest of any publicly traded firm, with nearly all of it going to the Saudi government. According to BusinessDay, Saudi Aramco, the majority-owned state-owned enterprise in Saudi Arabia, will pay shareholders $19.5 billion in dividends in the second quarter of 2023. This sum is […]

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